Development Site For Sale SW SR 47, Lake City, FL

426 SW Commerce Dr. | Suite #130

Lake City, FL 32025

FOR MORE INFORMATION CONTACT:

Scott Stewart 386-867-3498 | 386-487-1486 scott@sdstewart.com

Presented by:

Scott Stewart 386-867-3498 scott@sdstewart.com

Sale Price: $2,500,000

Zoning: Commercial Intensive

Building Size: 2,353 SF

Lot Size: 13.14 Acres

Development Site

Subject Property

Subject Property

Scott Stewart| 386-867-3498 | scott@sdstewart.com

Summary

Great opportunity in a growing area of Lake City, FL. The subject property features approximately 13.14 acres located at a traffic light corner on State Road 47 just North of the I-75/SR 47 Interchange. Building is approximately 2,353 square feet. Plenty of storage room available. Entire parcel zoned Commercial Intensive and suitable for a variety of business types. Excellent future development opportunity for retail, hotel, restaurant or combination. Water is available. Owners are Real Estate Agents.

The current ownership is offering this property for sale at an attractive price of $2,500,000.

Aerial View

SR 47 Looking South SR 47 Looking North

Development Site

Scott Stewart| 386-867-3498 | scott@sdstewart.com

Area Information

Lake City, Florida is located in North Florida and serves as one of the main gateways in and out of the State of Florida. Lake City is strategically located near the intersection of Interstates 10 and 75 and makes the area easily accessible to all of the southeastern United States. The Lake City area has been recognized as one of the eight best places to do business in the southeastern United States. The area is home to New Millennium Building Systems, Hunter Panels, LLC and TIMCO located at the Lake City airport which boasts an 8,000 foot runway. The area is noted for its natural tourist attractions like the Ichetucknee River, Suwannee River, Santa Fe River and a large U.S. Forest. The community has enjoyed good growth over the past two decades and is set for continued growth for years to come. And of course, you cannot say enough good things about the enviable climate in North Central Florida!

Location

Nearby Metropolitan City Distance in Miles

Gainesville 45

Jacksonville 60

Tallahassee 104

Development Site

Scott Stewart| 386-867-3498 | scott@sdstewart.com

Lake City Demographics

Po

pu

lati

on

H

ou

seh

old

s In

co

me

Ho

usi

ng

I-75 @ Hwy 90

30 mile radius

I-75 @ Hwy 90

60 mile radius

I-75 @ Hwy 90

90 mile radius

2010 Estimated Population

2015 Projected Population

2000 Census Population

1990 Census Population

Growth 2000-2010

Growth 2010-2015

2010 Estimated Median Age

2010 Estimated Average Age

163,376

177,352

136,014

105,318

20.12%

8.55%

37.26

38.74

1,099,202

1,184,865

935,303

784,674

17.52%

7.79%

35.17

37.01

2,736,544

2,964,758

2,290,299

1,872,459

19.48%

8.34%

37.34

38.36

2010 Estimated Households

2015 Projected Households

2000 Census Households

1990 Census Households

Growth 2000-2010

Growth 2010-2015

2010 Est. Average Household Size

59,100

64,499

48,624

36,865

21.55%

9.14%

2.54

415,304

450,101

349,140

285,911

18.95%

8.38%

2.53

1,064,946

1,159,224

880,779

703,534

20.91%

8.85%

2.48

2010 Median Household Income

2015 Prj. Median Household Income

2000 Cen. Median Household Income

1990 Cen. Median Household Income

2010 Est. Avg. Household Income

2010 Est. Per Capita Income

$39,394

$42,357

$31,432

$22,122

$50,172

$18,537

$44,041

$47,423

$34,993

$25,096

$57,370

$21,971

$46,230

$49,835

$36,580

$25,478

$61,922

$24,447

2010 Est. Housing Units

2010 Est. Occupied Units

2010 Est. Vacant Units

2010 Est. Owner Occupied Units

2010 Est. Renter Occupied Units

2010 Est. Median Housing Value

2010 Est. Average Housing Value

64,889

59,100

5,800

44,066

15,034

$105,305

$136,078

462,530

415,304

47,227

284,312

130,992

$126,964

$152,953

1,208,079

1,064,946

143,133

736,113

328,833

$136,635

$178,572

Development Site

Scott Stewart| 386-867-3498 | scott@sdstewart.com

This information is deemed reliable but is not guaranteed 6/9/2014 9:47:31 AM

Price per Acre:

Zip:Sp Conditions:

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Area:

86125Mls#:

Acreage:

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Homestead: Ag. Exemption:Sp/Assessmnt:

Zoning:

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LandType:Frontage:Utilities:

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Sub Agent Fee:

2,500,000

HWY 47

Just North of I-75 at the corner of Hwy 47 and CR-242 at the entrance of Ring Power.

Entire parcel zoned CI. Great Location. Stop light corner just off I-75. Excellent future development opportunity for retail, hotel, restaurant or combination. Water is available. Owners are Real Estate Agents.

Westfield Inv. Group

Exclusive Right of SaleCharlie SparksROCKFORD REALTY GROUP INC

386-755-0808386-755-0808

2-Sw. Us 90 - W. Us 441 Columbia

Commercial Lot

Legal:

NoNo

City/AvailableNoneHighway

Possession At Closing

19-4S-17-08563-00013.14 acres in 19-4S-17E, LLILO

0 3.5 3.5 3.5

Go, call L/A for more info

13.14

CI

No

NoNoNo

13.14 Acres

SouthwestCornerElectric, Telephone, Other-See RemarksPavedVacant

Other-See Remarks

Developing, Highway/Frontage, Fast Growing, O

Sidewalk, Other-See Remarks, ClearedCommercial

Cash/Finance, Owner Finance

Active

No386-867-3498

Community Ty:

Scott Stewart

Lake City ColumbiaBroker Owned

32025

No

YES

190,258.75

Cristie GuthrieROCKFORD REALTY GROUP INC

386-755-0808

Columbia County Property Appraiserupdated: 8/10/2016

2015 Tax YearParcel: 194S1708563000<< Next Lower Parcel Next Higher Parcel >>

Tax Collector Tax Estimator Property Card Parcel List Generator Interactive GIS Map Print

Owner & Property Info Search Result: 1 of 1

Owner's Name WESTFIELD GROUP LLLP

MailingAddress

426 SW COMMERCE DR STE 130LAKE CITY, FL 32025

Site Address 3475 SW STATE ROAD 47

Use Desc. (code) IMPROVED A (005000)

Tax District 2 (County) Neighborhood 19417

Land Area 13.140 ACRES Market Area 06

Description NOTE: This description is not to be used as the Legal Descriptionfor this parcel in any legal transaction.

COMM NE COR OF SE1/4 OF SW1/4, RUN S 953.98 FT, W 468.50 FT TO NE R/W OF RELOCATIONOF CR242 AS SHOWN IN DOT R/W MAPS, RUN NW'RLY & NE'RLY ALONG NE R/W THEFOLLOWING COURSES: N 30 DG W 51.19 FT, N 59 DG E 9.84 FT TO PT ON ARC OF A CURVE,NW'RLY ALONG CURVE 181.22 FT, N 54 DG W 97.13 FT TO A PT IN CURVE, N'RLY ALONG CURVE39.68 FT TO THE PROPOSED E'RLY R/W SR47 & TO THE END OF SAID COURSES; RUN...more>>>

Property & Assessment Values2015 Certified Values Mkt Land Value cnt: (1) $138,679.00Ag Land Value cnt: (2) $2,250.00Building Value cnt: (1) $55,327.00XFOB Value cnt: (5) $5,795.00Total Appraised Value $202,051.00Just Value $725,101.00Class Value $202,051.00Assessed Value $202,051.00Exempt Value $0.00

Total Taxable Value Cnty: $202,051Other: $202,051 | Schl: $202,051

2016 Working Values ( ...Hide Values) Mkt Land Value cnt: (1) $138,679.00Ag Land Value cnt: (2) $2,300.00Building Value cnt: (1) $57,004.00XFOB Value cnt: (5) $5,795.00Total Appraised Value $203,778.00Just Value $726,778.00Class Value $203,778.00Assessed Value $203,778.00Exempt Value $0.00

Total Taxable Value Cnty: $203,778Other: $203,778 | Schl: $203,778

NOTE: 2016 Working Values are NOT certified valuesand therefore are subject to change before beingfinalized for ad valorem assessment purposes.

Sales History Show Similar Sales within 1/2 mile

Sale Date OR Book/Page OR Code Vacant / Improved Qualified Sale Sale RCode Sale Price10/1/2003 996/2908 WD I Q $870,000.00

Building CharacteristicsBldg Item Bldg Desc Year Blt Ext. Walls Heated S.F. Actual S.F. Bldg Value

1 SINGLE FAM (000100) 1958 COMMON BRK (19) 2353 2797 $57,004.00

Note: All S.F. calculations are based on exterior building dimensions.

Extra Features & Out BuildingsCode Desc Year Blt Value Units Dims Condition (% Good)0180 FPLC 1STRY 0 $1,800.00 0000001.000 0 x 0 x 0 AP (010.00)

0296 SHED METAL 0 $1,345.00 0000001.000 24 x 14 x 0 (000.00)

0031 BARN,MT AE 0 $1,500.00 0000001.000 0 x 0 x 0 AP (050.00)

0260 PAVEMENTA 2003 $750.00 0000001.000 0 x 0 x 0 AP (050.00)

0166 CONC,PAVMT 2003 $400.00 0000001.000 0 x 0 x 0 AP (050.00)

Land BreakdownLnd Code Desc Units Adjustments Eff Rate Lnd Value000100 SFR (MKT) 1 AC 1.00/1.00/0.50/1.00 $26,265.00 $26,265.00

001000 VACANT COM (MKT) 2.14 AC 1.00/1.00/1.00/1.00 $52,530.00 $112,414.00

006200 PASTURE 3 (AG) 10 AC 1.00/1.00/1.00/1.00 $230.00 $2,300.00

009910 MKT.VAL.AG (MKT) 10 AC 1.00/1.00/1.00/1.00 $0.00 $525,300.00

Columbia County Property Appraiser updated: 8/10/2016

1 of 1

DISCLAIMERThis information was derived from data which was compiled by the Columbia County Property Appraiser Office solely for the governmental purpose ofproperty assessment. This information should not be relied upon by anyone as a determination of the ownership of property or market value. Nowarranties, expressed or implied, are provided for the accuracy of the data herein, it's use, or it's interpretation. Although it is periodically updated, thisinformation may not reflect the data currently on file in the Property Appraiser's office. The assessed values are NOT certified values and therefore aresubject to change before being finalized for ad valorem assessment purposes.

Columbia County Property AppraiserJ. Doyle Crews Lake City, Florida 32055 | 3867581083

PARCEL: 194S1708563000 IMPROVED A (005000)COMM NE COR OF SE1/4 OF SW1/4, RUN S 953.98 FT, W 468.50 FT TO NE R/W OF RELOCATION OF CR242 AS SHOWN IN

DOT R/W MAPS, RUN NW'RLY & NE'RLY ALONG NE RName:WESTFIELD GROUP LLLPSite: 3475 SW STATE ROAD 47Mail: 426 SW COMMERCE DR STE 130

LAKE CITY, FL 32025SalesInfo 10/1/2003 $870,000.00 I / Q

2015 Certified ValuesLand $138,679.00Bldg $55,327.00Assd $202,051.00Exmpt $0.00Taxbl Cnty: $202,051

Other: $202,051 | Schl: $202,051

NOTES:

This information,updated: 8/10/2016, was derived from data which was compiled by the Columbia County Property Appraiser Office solely for the governmental purpose of property assessment.This information should not be relied upon by anyone as a determination of the ownership of property or market value. No warranties, expressed or implied, are provided for the accuracy of thedata herein, it's use, or it's interpretation. Although it is periodically updated, this information may not reflect the data currently on file in the Property Appraiser's office. The assessed values areNOT certified values and therefore are subject to change before being finalized for ad valorem assessment purposes.

Total Millage 16.4864 Total Taxes $3,331.09

Total Assessments $524.59

If Paid By Amount Due

Columbia County Tax Collectorgenerated on 8/17/2016 11:20:58 AM EDT

Tax Record

Last Update: 8/17/2016 11:20:55 AM EDT

Ad Valorem Taxes and NonAd Valorem Assessments The information contained herein does not constitute a title search and should not be relied on as such.

Account Number Tax Type Tax Year R08563000 REAL ESTATE 2015

Mailing Address WESTFIELD GROUP LLLP C/O CHARLES SPARKS GENERAL PARTNER 426 SW COMMERCE DR STE 130 LAKE CITY FL 32025

Property Address 3475 STATE ROAD 47 SW

GEO Number 194S1708563000

Exempt Amount Taxable Value See Below See Below

Exemption Detail Millage Code Escrow Code NO EXEMPTIONS 002 Legal Description (click for full description) 194S17 5000/5000 13.14 Acres COMM NE COR OF SE1/4 OF SW1/4, RUN S953.98 FT, W 468.50 FT TO NE R/W OF RELOCATION OF CR242 AS SHOWN INDOT R/W MAPS, RUN NW'RLY & NE'RLY ALONG NE R/W THE FOLLOWING COURSES:N 30 DG W 51.19 FT, N 59 DG E 9.84 FT TO PT ON ARC See Tax Roll ForExtra Legal

Ad Valorem Taxes

Taxing Authority Rate AssessedValue

ExemptionAmount

TaxableValue

TaxesLevied

BOARD OF COUNTY COMMISSIONERS 8.0150 202,051 0 $202,051 $1,619.44 COLUMBIA COUNTY SCHOOL BOARD DISCRETIONARY 0.7480 202,051 0 $202,051 $151.13 LOCAL 4.8510 202,051 0 $202,051 $980.15 CAPITAL OUTLAY 1.5000 202,051 0 $202,051 $303.08 SUWANNEE RIVER WATER MGT DIST 0.4104 202,051 0 $202,051 $82.92 LAKE SHORE HOSPITAL AUTHORITY 0.9620 202,051 0 $202,051 $194.37

NonAd Valorem Assessments Code Levying Authority Amount FFIR FIRE ASSESSMENTS $331.59 GGAR SOLID WASTE ANNUAL $193.00

Taxes & Assessments $3,855.68

$0.00

Date Paid Transaction Receipt Item Amount Paid 11/5/2015 PAYMENT 2300059.0001 2015 $3,701.45

Prior Years Payment History

Prior Year Taxes Due

NO DELINQUENT TAXES